gtober, As you know I have been a subscriber to OptionInvestor.com for years. They have a section there that deals with 'Iron Condors'. They call it their "couch Potato port'. They just do a couple trades per month. Here is a the email they sent out to subs recently. I watch them every month but have never followed on onf their trades.
Fwiw...
59 OUT OF 64 & NEW SEMINAR DATE!
By Mike Parnos
What can I say? We're doing well - very well. We just notched profitable month 59 out of 64. There was chaos in the market virtually all cycle long, but our positions were strategically placed and we never got close to being in trouble. The directional traders sweated out each tick. Some of them may have made out well, but may have less hair. The others are about to register for government cheese.
Actually, we're on a seven-month winning streak. That shouldn't come as a surprise to regular Couch Potato readers. That's what is supposed to happen.
We pocketed a total of $3,550 for the cycle. (See synopsis of March trade details below). The Couch Potato Traders is promoted as a "hands off" style of trading. Well, this month was the perfect example. Despite a ridiculously volatile month, the indexes never even came close to our short strike prices. It's sure nice when things work out as planned.
Quickie Update
When you're hot, you're hot. All of our quickie trades were profitable. Our two Iron Condors expired worthless and put a total of $6,200 in our pockets.
The March quickie SPX 1365/1375 and 1255/1245 Iron Condor brought in $3,300. The March quickie RUT 710/720 and 640/630 Iron Condor brought in $2,900. Piece of cake. A risky piece of cake, but a piece of cake none the less.
Also, as reported earlier, our third quickie - the 1315 short straddle, was $1,900 profitable. We closed the position after just a few days and locked in the profit. Those who may have held the trade through settlement profited by about $4,600.
Are You A Newbie or a Veteran?
Are you new to the Couch Potato Trader? Or, are you a Couch Potato subscriber who wants to find out, in depth, how we are able to achieve these results on such a consistent basis? Consider attending one of my two-day advanced seminars. It's an experience you won't soon forget and you'll get information that can last you a lifetime. It's like going to trading school. Are you serious about trading? Are you worth the small investment? Only you can answer those questions.
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NEW SEMINAR DATE - LAS VEGAS - June 21 & 22
I just finalized the details!! I will be presenting a two-day advanced CPTI seminar in Las Vegas on June 21st & 22nd (Saturday & Sunday). Come on down!
